Upwind raises $400M after walking away from Datadog acquisition offer

San Francisco startup Upwind raised $400 million in a Series C round at a $3.8 billion valuation, led by Bessemer Venture Partners. The company rejected an acquisition offer from Datadog, which did not exceed the valuation set by venture capital investors. Upwind, which provides AI-driven cloud security, is projected to end the year with $90 million in annualized recurring revenue.

Source: Upwind raises $400M after walking away from Datadog acquisition offer — TechCrunch

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Topics: upwind · datadog · cybersecurity · startup · funding · venturecapital · tech